23d • 💼 Tax Industry Talk
Update…
The #IRS has announced the 2026 annual contribution limits have increased to $24,500 for 401(k) plans and $7,500 for IRAs. Learn more about the rise in pension limits at https://ow.ly/usIS50Xr80z.
You may update your tax withholding for the remainder of your paychecks in 2025 to account for the One, Big, Beautiful Bill changes. The #IRS offers information on how you may go about it at: https://www.irs.gov/forms-pubs/how-to-update-withholding-to-account-for-tax-law-changes-for-2025?fbclid=IwRlRTSAOC-n5leHRuA2FlbQIxMQBzcnRjBmFwcF9pZAo2NjI4NTY4Mzc5AAEe3XTKKLiPCD6CqTA6SFjpC-J283fznefiyGC0NBiaBADN4aY-IgrZ2JzvrPY_aem_1hT6-0rMCecYAbvazom7Dg
The #IRS has announced tax relief for individuals and businesses in the Sisseton-Wahpeton Oyate Tribal Nation who were affected by severe storms and flooding that began on June 12, 2025. Affected individuals and businesses will have until Feb. 2, 2026, to file returns and pay any taxes that were originally due during this period. https://ow.ly/Ie9050XquoI
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